-- Lori Thompson and Lori Cobb to become Company Officers, effective Nov. 1 --
COLUMBUS, Ind.--(Business Wire)--
Cummins Inc. (NYSE: CMI) today announced that Lori Thompson has been named Vice
President - Truck and Bus OEM Business, and Lori Cobb has been named Vice
President - North and Central America Distribution. The promotions are effective
November 1 and both become corporate Officers at that time.
Lori Thompsoncurrently serves as Executive Director -Truck and Bus OEM Business.
She joined Cummins in 1979 and has spent her entire career in the Engine
Business, where she has held marketing, operations and plant management roles.
During her tenure, Thompson has led the Company`s logistics and ReCon
remanufacturing operations in Memphis, Tenn., and held management roles at
Company operations in Mexico and Belgium.
She moved into her current role leading Cummins` OEM sales in the important
North American truck and bus markets last year, after serving as General Manager
- Global Parts Business for the four previous years.
"Lori`s deep knowledge of the engine business and our customers have been
invaluable since she took over leadership of the Heavy Duty and Medium Duty
Commercial Vehicle OEM Business during the deepest recession in decades," said
Jim Kelly, President - Engine Business. "Her breadth of experience, perspective
and vision for the business, have served us well during a difficult period, will
continue to do so in the future."
Prior to joining Cummins, Thompson earned her bachelor`s degree in economics
from Carleton College and her MBA in finance and marketing from the Wharton
School of Business at the University of Pennsylvania.
Lori Cobb, who joined Cummins in 1991, currently serves as Executive Director -
North and Central America Distribution. Cobb has been a member of the
Distribution Business Unit since 2002 when she was named Director - Distribution
Strategy.
She has led the Company`s North America Distribution network and operations
since 2005 and Cummins` Central America Distribution network since 2008, where
she has overseen significant profitable growth in those businesses.
"Lori`s commitment to customer service, her ability to work effectively with our
Distributor principals and other stakeholders, her diverse skills and her strong
financial background have been instrumental in the growth and success of our
distribution business in this region," said Pamela Carter, President -
Distribution Business.
Cobb began her Cummins career with the former Cummins Separation Technologies
business as Controller. She also held roles in HR and Finance in Cummins
Filtration, the Engine Business and the Corporate group before joining the DBU.
Prior to joining Cummins, Cobb worked with Ernst & Young and Couer Laboratories
in a variety of financial roles. She graduated from North Carolina Wesleyan
College with a bachelor`s degree in accounting, and earned her MBA from
Vanderbilt University.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary business
units that design, manufacture, distribute and service engines and related
technologies, including fuel systems, controls, air handling, filtration,
emission solutions and electrical power generation systems. Headquartered in
Columbus, Indiana, (USA) Cummins serves customers in approximately 190 countries
and territories through a network of more than 500 company-owned and independent
distributor locations and approximately 5,200 dealer locations. Cummins reported
net income of $755 million on sales of $14.3 billion in 2008. Press releases can
be found on the Web at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding the company`s
expectations, hopes, beliefs and intentions on strategies regarding the future.
It is important to note that the company`s actual future results could differ
materially from those projected in such forward-looking statements because of a
number of factors, including, but not limited to, general economic, business and
financing conditions, labor relations, governmental action, competitor pricing
activity, expense volatility and other risks detailed from time to time in
Cummins Securities and Exchange Commission filings.
Cummins Inc.
Mark Land, Executive Director - Corporate Communications, 317-610-2456
mark.d.land@cummins.com
Copyright Business Wire 2009
